COMMERCIAL.

Otago Daily Times, Issue 6790, 19 November 1883, Page 2

COMMERCIAL.

D*!ly TI3IBB Office, Saturday evening. The nmuEoi of Customs Revenue received to-dny on toed; entered for coiißtimptlon was £352 7s.

- Saturday Evening. General business in the import market has not boon aotivo during- the past week, although ft few houses have been busy providing (or Btation orders. Goods generally, howovor, nro pretty firm, and most Hues have ii hardening tendency. In the bagging market woolpacka aro boinjf quitted at 2s 7U nor pack upwards, according to quantity. Cormacks aro quiet, only a few lots beiDg placed hero and there at 7s 3d per dozon. Candles aro not plentiful, and for trade lots of Do Roubaix OJd per 1b is paid. Cement is almost singly held, and for best braDds 10s per barrel is obtained. Of driod fruits currant) command most attention. Some fair parcels have been placed during tho week at 6Jd per lb, but some holders refuse to quit under f^d por )b, at which flguro some small lines of good fruit havo already been sold. Elemes ore- a shade cheaper, and aro obtainable at OJd to 6Jd per lb: sultanas atCJd per lb. An ordinary business ia doing in fish at our last quotations. Of hopa wo havo nothing to report, and it cannot bo said that at present there is any spot market for them at all. In metals there ia no change. Fencing-wire movoa oft for requirenienta at £12 10s to £12 16a, and £13 per tou for No«. 0, 7, add 8 respectively. Galvanised iron is a drug in the nnrkeS and worth £22 to £24, according to brand. Oils are quiet, and without quotable change. Sugars continue to move off fairly well, but recent additions to stocks, and the expected arrival shortly of further eupplio3 have made tho market mmowhat easier. For ordinary trade lots wo quoto snowdrops, £33 por ton; finest whites, £32 5s to £32 15s; groys, £31 Its; and fincat yellows, £30. Tho grain market has been very quiet during the week, andjWith very few transactions; ratea aro littlo more than nominal. Wo quote prime milling wheat 4s to 4s 2d p:r bushel, according to sample anJ description. Oats are dull at Is IOM to Is lid per bushel for beat milling, and Is 9d to la lOd per bushel for bright stout feed. Malting barley has bren Bold at 4s Od per bushel, and this is tho only description for which there is any inquiry. On Tuesdi.y last, Mr D. M. Spedding held an extensive auction salo of general merchandise, at which thero was a largo attendance of the trade, and after bri,k competition the following, amongst other lines, were disposed of under tho hammer : —lO cases Machonocbio's frosh herrings, 6s ljd psr dozen; 30 do, Stephens' pickles, 0a IOJd por d z;n ; 30 do do vfnegar, Ca 91 per dozen ; 25 do do Worcester Eauco, 6s lAd per dozen; 50 do sardines (halves), 9s per dozen ; TO do D. and M. blacking, 4i 5d and 4s 6d per grcss; 25 do Pink's table salt, 03 Id por d. Zen; 25 do do brown vinogar, 7s per dozen; 15 do do crystal do, 7a 3d per dozen; 3 do do taitaric acid, 2s per lb ; 2 do do cream of tartar, la Od per lb ; 10 do do lalad oil (half-pints), f>s ljd per dozen'; 10 do do do do (pints), Ha 8:1 per cozen ; 10 do do castor oil (half-pints), 3s fld per dozen ;10 do do do do (pints). Cs por dozen; 10 quarter caaiss vinegar, Is 7d per gallon; 20 lsees b- carbonate 6oda, lls IOJd per cwt j 10 do mustard (Jib), 8s 6jd per dozen; sdo do (Ob), 10s 4Sd per dozen; 15 do ling (tab, sid por Hi; 50 kegs crushed loaf sugar, 433 per cwt (d.p.); li cases Epsom silis, 19s to 19s 6d per cwt; U do safety matches, 6s IOJd per gross; 6 hales brown papsr, SJ-1 per lb ; 1 tans sago, IjJ per !b; 2 do tapioca, lju to 2d per lb; 20 cases Eugliah salmon, 73 Hd per dozen ; 20 do Swiss milk (Uilkmaid brand), 8s 7dper dozen; 6do jujube3and patillcs, 91----per lb: 40 do frosh herrings, 5s 3d per doz; 2> do Edwards' pickles, 03 lOd per dozen : 20 do Morton's brown vinegar, 7a 3d per dozen ; 10 do do crystal do, 8s lid ; 1 tank new flgs. Si 7d per doaen; 1 do Elemo raisin?, fgd per lb; '.'5 aisos Pink's marmalade, 6s 7jd per dozen.

A private cablo message has been received in Danedin fiom London ndviting an advance upon the Home cost of English glass of 25 per cent. Messrs Wright, Stephonson, and Co. sold by auction on Saturday tha p.iviloges in connection with the approaching show cf the Otago Pastoral and Agricultural Association. The rainy weather appeared to havo a depressing effect on bidders, as the prices reol:sed wore no better than tho following:—Booth No 4 £5 Mr Comvay; No 5, £5, Mr Wills ; No. (?, £4 10s, Mr Owen ; catalogue*, £12, Mr Elliott; f luit-stalls, £2, Mr Elliot' ;-t«tal, £23 10a. Messrs J. A. Park and Co. offered at auction on Saturday afternoon a number of sections hi the Bolleknoweu Estate,' Roslyn. There was not a very large attendance, but the biJding for somo of Ihe sections was bri k. Tho following salos were effected : -

Section. Block. Area. Price. Buyer. 3 4 lr Op £140 C. Field 1 2 lr 4p £220 J. t). Holmes 12 . 1 lr Op £195 J. Sproul • 2-J 3 2r 12p £310 C. Field.

MINING

NOTES FROM REEFTON. [By TBLKORAPn ] (PROM OUR OWN CORRESPONDENT.)

Rbefion, November 17, Tho aspect of affairs at present is rather gloomy in' tho stoak market, and general complaints are prevalent. Tho lato heavy calls have told upon investors generally, but somo Reefton holders of s'.ock who hevo sunk thoir all in scrip feel the dull markets seriously, as they no* and again are compelled to sacrifice some portion to moot tho demands upon tho remainder, of which they wish to retain possession in reasonable anticipation of good results eventuall , which the prospects of the field fully warrant. It must be admitted that some of the lato ventures have not as yot come up to expectations, but nevertheless patience must be exercised in mining as well as any other pursuit. Although the immediato outlook ia not brilliant, yet any experienced quartz-miner who is thoroughly conversant wi h the field cannot fail to predict a grand future for the Inangahua quartzßeld at no distant date. Some very promising undertakings are now being developed, and works genorally are progressing at a rate jo leave no roojajor_com(il«nt._ -OTWageYTlfnriTTs generally1 known that BlighSly inferior stone would have to be expected about that part of the mine which is now being operated upon. No alarm has taken place on this account, as may be 6een by the almost unaltered quotations. Energetic. - Only few hands are employed, and no

material change has taken place tince last crushing. Wealth of Wations— linking of the winze ia the Vulcan level is being proceeded with. No change, however, has occurred. Nil Despsrandum.—The No. 3 level has now been cleaned out, and tenders are invited for extending this level north. .

No 2 South Keep-it-Dark.—Prospecting here ia discontinued at present, pending airangement with an agricultural leaseholder of the adjointr ground for permission to bring up a drainage tunnel.

Golden Treasure.—The main crosscut Bhaft is now within 20ft of the survey point of intersection of reef. Thia point must be taken as approximate only, as tho underline might vary and throw the calculations out 20f tor more. The old workings are now cleared out of water after about a mouth's baling. On inspection of thia part of the mine it was found that all the timbers were sound aud no datnago had been dono during an immersion of nearly IS months. Tho additional crushing-power to the battery is just about finished. Pccanix Extended.—The Company invite tenders for driving 50ft in the intermediate Jevtl towards tho Inglewood ground, where tcme good stone has been followed north and south in the main level. Some of tho workmen of the contractors for the erection of the joint battery have been engaged building huts this week. All tho timber required for the work i-i delivered on tho machine site. The contractors for shoots and paddocks also have their timber ready. There is nothing new fo report from the Venus. The low level is approaching the underlie of the old winze.

Globe.- The crushing has boon continued regularly during the week, but the scraping- up will not take place this evtniug as usual. The directors state that the battery will not bo interrupted till tho 24th inst, when a general clearing up will bo made. Thi3 step, they say, was considered advisable in order to have as much ss possible milled before the date of the next general meeting of shareholders. Tbe second big boilor for the Inkerman passed Reefton to-day, on route for the machine site, where the contractors aro steadily at work.

Oriental.—A largo body of stone has been struck ia tho cross-cut from the main level which was started to cut the stone found lately in No. 2 stope. The dimensions of tho proseiit reef are not yet ascertained, as only one Bhot has been fired in it.

Steady progress is being made in the Specimen Hill mine in tho uprise now under construction. Tho erection of machinery is being pushed ahoad with all possible speed.

The Just-in-Time are still driving along the track ol a rtef from the joint drive.

Tho Imperial are extending the drive in hard ground. Vp till thia evening no change was reported.

Tho Hopeful started crushing on Thursday on a parcel of 150 tons.

The Fiery Cross are getting out stone for another crushing to commence next month. 'Ihe Welcome returns for the week are just in, and are 5200z amalgam from 75 tons.

Mr G. C. Bowman, sharebroker, Reefton, reports as follows for the week, ending November 17:—Welcome, £7 ; Keep-ii-Dark, £2 17s 6d; Specimen Hill, 13i; Golden Treasure, 9i 6d; Homeward Bound, Cs 6d; Just-in-Time, 6s; Eureka, sa; Inglowood Extended, 83 9d; Inkerman, 35 6d ; Imperial, 3a 6d ; Globe, 3i 9d; Oriental, 3s 6d ; Big Rirer, 2s 6d ; Hopeful Extended, 23; Nil l»e?pcraudum, is; Low Level Tunnel, Is; Rainy Creek, 6d.

Messrs J. and (V. Gage have received a telegram from Rocfton stating that the weekly return from the Keep-it-Dark Company was 2400z amalgam from 196 tons of stone.

MINING AT TE AROHA. (Peb United Press Association.)

Te Aroha, November 18. The total yield of amalgam for 12 days' crushing Ib 4040J0z. The Colonist and Premier have each been crushing one stamper short